Mattel (MAT) Upgraded at ValuEngine

Mattel (NASDAQ:MAT) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Wednesday.

Other equities research analysts have also recently issued research reports about the company. Citigroup dropped their price target on Mattel from $19.00 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday, October 30th. Zacks Investment Research upgraded Mattel from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Wednesday. B. Riley set a $11.00 price target on Mattel and gave the company a “hold” rating in a research note on Friday, December 21st. BidaskClub upgraded Mattel from a “sell” rating to a “hold” rating in a research note on Thursday, October 18th. Finally, UBS Group set a $15.00 price target on Mattel and gave the company a “hold” rating in a research note on Thursday, November 1st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $14.54.

MAT traded up $0.60 during trading hours on Wednesday, reaching $17.07. The company’s stock had a trading volume of 10,582,098 shares, compared to its average volume of 6,893,740. Mattel has a 52 week low of $9.09 and a 52 week high of $17.98. The company has a current ratio of 1.88, a quick ratio of 1.44 and a debt-to-equity ratio of 4.26. The stock has a market cap of $5.57 billion, a PE ratio of -14.97, a price-to-earnings-growth ratio of 114.22 and a beta of 1.38.

Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Thursday, February 7th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.15. Mattel had a negative return on equity of 43.47% and a negative net margin of 11.77%. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the prior year, the business earned ($0.72) EPS. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. Equities analysts forecast that Mattel will post 0.01 earnings per share for the current year.

In other Mattel news, EVP Michael J. Eilola sold 10,904 shares of the stock in a transaction on Monday, February 11th. The stock was sold at an average price of $15.72, for a total transaction of $171,410.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.60% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund increased its position in shares of Mattel by 906.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 373,676 shares of the company’s stock worth $37,000 after purchasing an additional 336,550 shares during the period. Delta Asset Management LLC TN increased its position in shares of Mattel by 19.2% in the fourth quarter. Delta Asset Management LLC TN now owns 7,100 shares of the company’s stock worth $71,000 after purchasing an additional 1,145 shares during the period. Ffcm LLC increased its position in shares of Mattel by 149.7% in the fourth quarter. Ffcm LLC now owns 7,802 shares of the company’s stock worth $78,000 after purchasing an additional 4,678 shares during the period. Federated Investors Inc. PA bought a new position in shares of Mattel in the third quarter worth $83,000. Finally, Caption Management LLC bought a new position in shares of Mattel in the fourth quarter worth $100,000.

About Mattel

Mattel, Inc designs, manufactures, and markets a range of toy products worldwide. The company operates in three segments: North America, International, and American Girl. It offers Mattel Girls & Boys branded products, including Barbie dolls and accessories, Monster High, DC Super Hero Girls, Enchantimals, Polly Pocket, Hot Wheels and Matchbox vehicles and play sets, CARS, DC Comics, WWE Wrestling, Minecraft, Toy Story, and games and puzzles.

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Analyst Recommendations for Mattel (NASDAQ:MAT)

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